Boom part 2

Posted by downtowntrader | 2/12/2006 10:29:00 PM | 0 comments »

This is in reference to the boom post below.

Boom tracks the xlb etf fairly well. The xlb looks like it may get a bounce at the 50 day sma (see chart below).

This is a boom chart with the xlb as an overlay.
Here is the xlb daily chart.
If xlb bounces watch for basic materials stocks to possibly get a lift. Keep an eye on ERS as well for a basic materials play.